Pinnacle Realty is pleased to present a tremendous Value-Add portfolio of 2 Apartment buildings totaling 52 Units in Midtown near the Medical center, one of the most desirable areas of Memphis. List Price is $1,850,000. It includes two buildings located on 1368 and 1386 Court Ave, Memphis, TN 38104. Units are one or two bedroom/one bath with about 90% leased with current rents of $325-$450/month; with renovations rents can be increased, per Unit, to $500-$600/month.
It is situated in an amazing location. It is nestled in Midtown, surrounded by the medical district and Overton Park, so tenants can quickly be at the park, Levitt Shell to enjoy free music and festivities in the Summer, the Memphis Zoo, Overton Square, Overton Golf Course, Cooper Young, Brooks Museum, and all of the Midtown Entertainment, Park, Rhodes/CBU, Restaurants, & Shopping! There is huge Upside for the end Buyer. Don't miss out on this opportunity!